One bedroom properties can limit your resale potential. I would recommend the two bedroom, provided you choose the right area. The wrong location can effect the resale of any size property.

Good luck on your search!

Thu May 8 2008, 19:44

Well, I would say it depends on which 4 to 5 mile direction you are talking about from Vandy! Remember the three most important things to consider when purchasing real estate: location, location, location!

Wed Apr 23 2008, 18:29

Welll, your options are endess in the Hillsboro/Vandy area. Historically, urban areas show a significanly higher appreciation rate than the Davidson county area as a whole. If you have time to spare, I recommend pre-construction (The Glen, The Avenues, Rhythm, 12th & Paris). Condos happen to be my specialty - there's a whole page on my site dedicated to them.

Tue Apr 22 2008, 14:46

If you don't mind an older building, you can get a 2/2 under 150k five blocks from Vandy.
Email me at chaisson@realtracs.com

Sun Apr 20 2008, 17:41

Here are more info so ppl can give me advices. My maximum budget is around $200K. The potential property I plan to get is either for myself (1 BR / 1 BT) or having a roomate (2 BR /2 BT) I would like to maximize my return on this purcahse. Also have a question regarding how difficuty to find a roomate if the property is not within walking distance to Vanderbilt. I have been seach thr web just to get familiar with the area and not sure what to look for. If you can suggest any specific areas I can target, it will be highly appreciated.

Sun Apr 20 2008, 16:05

That depends upon your price point. Any purchase at the entry point of the price scale should be a sound investment. You have a lot of options within 4-5 miles of Vandy. To answer your question properly, you need to determine your comfort level in the price range, then work backwards to look at all of the existing inventory. Condos are a mixed bag, and some developments are fundamentally better than others. It sounds as if you have a couple in mind already that may suit your tastes.

Having said that, I do believe that Green Hills and the Belmont/Lipscomb area will have parallel appreciation value as a whole to the immediate Vanderbilt area. New construction projects in the urban core are risky at this venture, and I would avoid them if my primary concern is appreciation. I would also avoid poorly done conversion projects.

Sun Apr 20 2008, 07:11